Elton Corporation Income Statement for the year ending 12/31/XX (in thousands of dollars) Net sales $ 2,700 Operating Costs (2,350) Depreciation (150) Interest Expense (70) EBT 130 Income Tax (25%) (32.50) Net Income $97.50 Dividends to Common Stockholders = $58 Elton Corporation Balance Sheet 12/31/XX (in thousands of dollars) Cash $ 150 Accounts Payable $100 Accounts Receivable 250 Notes Payable 250 Inventory 600 Other Current Liabilities 50 Total Current Assets $1,000 Total Current Liabilities $400 Total Fixed Assets 1,500 Long Term Debt 1,100 Common Stock 800 Retained Earnings 200 Total Assets $2,500 Total Liab. & Equity $2,500 Number of shares outstanding = 10,000 shares Price per Share = $100 Retained Earnings for 2019 are projected to be: